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US has only ‘scratched the surface’ of its oil potential as emerging technology strengthens energy outlook

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1 day ago

The U.S. has only "scratched the surface" of its oil potential, with new technologies and untapped resources emerging that could help cement America’s energy dominance for years to come."The biggest opportunity is to recover more of the molecules that are in the ground," Chevron CEO Mike Wirth told FOX Business in an exclusive interview.Currently, only about 10% of the oil in place can be extracted with existing technology — a figure Chevron aims to increase.Wirth told FOX Business’ Maria Bartiromo that the company is investing in a new generation of drilling innovations, including artificial...

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